The Canadian dollar (CAD) is the official currency of Canada. It is also abbreviated as "C$" or "CA$". The currency is divided into 100 cents, with coins available in denominations of 1, 5, 10 and 25 cents, and banknotes available in denominations of $5, $10, $20, $50 and $100. The value of the Canadian dollar fluctuates in relation to other currencies on the foreign exchange market, and it is affected by various economic factors such as inflation, interest rates, and trade balances.